To Be or Not To Be … A Curmudgeon
It may surprise some of you who know me, but some in my family, including my wife, think that I am a curmudgeon...
Fiduciary: What It Means, Why It Matters
You’ve probably heard the word “fiduciary.” This month, we’ll talk about it – what it means, and why it matters...
COLA Adjustment Set; Goes Into Effect in July
The LACERS Board has set the cost-of-living adjustment (COLA) to go into effect with the July pension payment based on the local Consumer Price Index (CPI) for the previous calendar year. For many members...
Hard-Earned Benefits At Risk With Legislation
Our retiree healthcare benefits are under attack by the City politicians. The City Council passed the Motion (Council file number 20-1606) that aims to reduce the City’s healthcare costs...
Neil Ricci, Rest in Peace
Longtime RLACEI Board Member Neil Ricci has passed away. Neil died in February, having served on the RLACEI Board for many years...
David and Rosalia Rojas are Retiree on the Move
David and Rosalia “Rose” Rojas both worked for the City. Rose retired in 2010 with 33 years of City service, and David joined Rose and retired in 2011 with 20 years of service...
TIPS Definition, and Why LACERS Invests in Them
LACERS uses the principle of diversification in its investments to get a reasonable return without taking too much risk. In previous articles we have discussed using strategic asset allocation...
